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evening, everyone, i'm larry kudlow. is the boeing 787 fit to fly or is it a firiing nightmare. and the stock has been crushed. meanwhile after filling out his national security bcabinet. we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury secretary, which is managing the budget, you can't have a better guy than jack lu. you can talk a lot about it. >> that is where i disagree. this is not, hang on a second. i'm going to give jimmy a whack at this. this is not the director of the office of managing the budget. that is where i used to work. this is about financial matters. this is about guys who know what goes on at the world's financial capitol. this
is it for boeing? how much damage will the recent run of problems for the so-called dream liner due to boeing and company shares. three questions this hour. three answers. sue? full of answers, live as always at nyse. >> i hope so, ty. we will start with a question. will jacob be the next nominee? john harwood confirming he will be nominated to replace outgoing secretary of treasury tim geithner. but can he get through the senate? that the question. john is here in new york with perspective on that. what do you think, john? >> yes, he can. he is liked across the political spectrum. he is an effective liberal serving tip o'neill in the past. but we know that second term cabinet are beginning to fall into place. we have had the national security members of the team named in the last few days but now jack lew will be named, we expect tomorrow, to replace tim geithner who has been wanting to leave for some time. here is what president obama gets, someone with vast experience in handling capitol hill and dealing with budget negotiations. he's been a part of almost lever r every big budget negotiat
a wake-up call for boeing as its dreamliner problems continue. in today's cover story, plugging into the consumer electronics show. what new technologies are turning heads this year. is the housing market setting up for a breakout year? revealing the truth behind anti-virus software. why the protection may still leave you at risk. and, earnings season kicks off. what traders are watching. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, january the 9th. i'm angela miles. in today's first look: alcoa turns a profit. the first dow component to report in the fresh earnings season posted a profit of $242 million despite weak prices for aluminum. the sell-off in the market continues. the major indicies all fell yesterday. telecom stocks were among the biggest losers. gold rallied, while oil flatlined. president obama is expected to soon name his next treasury secretary. white house chief of staff jack lew is said to be high on the list. the irs will accept 2012 tax returns starting january
exchange. nicole: i could always use a good start. let's take a look at boeing in particular. still down for the week. you may remember over the last two days we have covered boeing and the 787. liner. not good news. we have seen the stock selling off. today making a little bit of a comeback. up about 3%. they had a fuel leak and an electrical fire. you do have one analyst touting the stock while others are saying get on the sidelines and take a breather on this one. back to you. melissa: thank you so much. fox business stock alert. shares of gm hitting a 52 week high. the automaker is doing "internal plumbing" to become more profitable. lori: toyota is the world's largest automaker in the last year. it is tough. melissa: morgan stanley said to weigh out more than 3000 workers. charlie gasparino all over this. we will talk to him about this coming up next. lori: take a look at the dollar. stronger across the board today. we are back after this. ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn
to another nightmare for the dreamliner appeared in another of the boeing 787's is being cancelled, this time to break problems occurred this is the third incident in two days. it has raised safety worries about the aircraft. here's a report from new york. >> in grounded, the 787 dreamliner was bound for it had to be sent back to the gate -- bound for tokyo. it had to be sent back to the gate because of the problem with the brakes. on tuesday, a fuel leak caused japan airlines to cancel take off of one of its 787 jets in boston. a day earlier at the same airport, a battery pack caught fire on an empty plain. speaking of the battery incident, boeing said it is cooperating with the relevant safety authorities and before providing more detail, we will give our technical teams the time they need to do a thorough job and ensure we are dealing with facts, not speculation. boeing's stock price fell on the news after years -- and after years of delays, the dreamliner went into operation in late 2011. now some question how safe is the 787. >> it is something the ntsb will take a very careful look at.
that turned deadly. >> drama in the skies as boeings dream liner runs into more problems. the next stop, san jose. >> and the planet just experienced the warmest year on record. how that's changing life along the california coast. good evening i'm elizabeth cook. >> and i'm ken bastida. a burglar picked the wrong home to break into. the man inside that apartment was waiting for him with a gun. this happened on leeland lane. cbs 5 recorder christin ayers on how one of them was eventually stabbed to death. >> reporter: it began as a break in at this pittsburgh apartment and ended in bloodshed. >> i saw there was probably like 5, 6, 7 police officers there and they were taking a body out of there on a gunny. >> reporter: neighbors say it's rare to hear about burglaries at this complex. the man who lived here heard something strange at his door. >> the resident who was home alone heard what he describes as someone manipulating the front doorknob. >> reporter: the suspected burglar, a 54-year-old convicted criminal was carrying a fake gun. he probably never expected to run into a resident armed w
of aidentifying. the head of aig, show bob benmosche here exclusively on the other side of the break and boeing says it has extreme confidence in the 787 dreamliner. how safe are they following the string of recent mishaps? top industry experts will join me. stay with us on the "closing bell." ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the opti
to where the growth is, and a sign that margins may face more pressure? >> yet another setback for boeing and the 787. canceling a domestic flight after a computer erroneously signaled a brake problem. >> clearwire gets a bid. dish network offers 3.30 a share above sprint's offers. david faber has the details on this story. sending sprint lower in pre-market trade. >>> results from alcoa last night, rising in the pre-market after reporting fourth-quarter profits in line with estimates. revenues above forecasts. alcoa says it sees aluminum demand growth ul 7% this year. the previous forecast, jim, 6 to 6.50. not bad if you're looking for something global out of 2013. >> what europe taketh away china giveth. the ceo has really spent a huge amount in china. whether it be for autos, aerospace, whether it be for trucks, are so bullish, that they can offset whatever's happening around the world globally. remember, there's two components to alcoa. there's also the raw stuff which he said inventory is getting in balance. that's very important. and you've got the packaging, industrial, constructio
grounded two of boeing's new dream liner jets. and the search for a missing masterpiece comes to an end when the cbs evening news continues. continues.ut then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most complete. hey america, even though they don't need one wes, clay, and demarcus tried on the depend real fit briefs for charity to prove how great the fit is even while playing pro football. the best protection now looks, fits and feels just like underwear. get a free sample and try one on for yourself. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out f
particular gallery. e-of-the art airplane? it' >>> have you heard about the problems with boeing's new state of the art airplane? it's called the 787 or dreamliner. the latest mishap happened today in boston. cbs5 reporter kiet do tells us timing couldn't be worse for a big event in san jose. >> this has been an embarrassment for boeing, especially since the 787 has been touted as the next generation plane of the future. regardless it looks like the 787 is still getting the benefit of the doubt. so far it has not been a good week for the 787. today 40 gallons of fuel spilled as a dreamliner was about to take off from boston to tokyo. the plane from japan airlines was towed back to the gate and then yesterday another 787 also from japan airlines had smoke spewing from the cabin after passengers got off again in boston and one month ago a united 787 made an emergency landing in new orleans after one of six generators failed. the plane itself never lost power. >> no matter how much testing you do there are some things that unfortunately are inevitabl
. now a fuel leak on another. the aircraft maker boeing dealing with a pair of problems on newest passenger jet the dream liner. what's up here? we will get a report next. plus a guy wins a million bucks in the lottery. the next day he is dead. investigators at the time said natural causes. they are digging up the body now to try to figure out who poisoned him. that and the rest of the night's journalists on this fox news tuesday fox report. it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. [ charlie ] try zinc free super poligrip. aww man. [ male announcer ] returns are easy with free pickup from
for you in business next hour. here's a check on markets. ♪ ♪ ♪ >>> the people at boeing trumpeted their 787 dreamliner saying travelers would fly into the future. but some are having trouble flying at all. a japan airlines plane on a runway in boston started leaking fuel just a day after a mishap involving another dreamliner. airport officials say about 150 liters of fuel spilled out before the plane was scheduled to take off. technicians checked things out, then determined everything was safe. the plane took off for tokyo about 3 1/2 hours behind schedule. the day before a battery pack in a different japan airlines boeing 787 sparked an electrical fire. the plane was on the tarmac, and no one was on board. the 787 is boeing's latest model and made its commercial debut in 2011. people at boeing say they sold about 50 of the planes to eight airlines. >>> the indian military says two soldiers have been killed and one injured in a gunfight in the disputed territory of kashmir between india and pakistan. an indian army spokesperson says the shooting started when indian soldiers on pat
where the 787 dreamliner is turning into a bit of a night may for boeing as the airplanes are under investigation after back-to-back days of problems in boston. yesterday one of the jets spilled about 40 gallons of fuel on the runway at logan international airport. that's one day after an electrical fire caused by an exploding battery grounded a different dreamliner plane, also at logan airport. for more on boeing's troubles, let's go to jeff cutmoore in london. >> reporter: good morning to you. i suppose the good news here is ana has orders for 45 more jets, and they said we will to the change our orders. clearly this is a headache for boeing, because they have been beset by a slew of problems with the technicals on this wide-bodied jet. there are a whole bunch of other companies lined up here to take them, virgin airways, british airways, they will want to see some of these technical problems sorted out before they get delivery. worth pointing out the stock down over 4% over the last couple of trading days as a result of these concerns. >> we wonder if there will be cancellations
. >> something tells me the folks over at boeing are not getting much sleep because that dream liner, it's a nightmare. r inves? tdd#: 1-800-345-2550 schwab bank was built with all e value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit ches with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobile app. tdd#: 1-800-345-2550 no wonder schwab bank has grown to over 70 billion in assets. tdd#: 1-800-345-2550 so if you're looking for a bank that's in your corner, tdd#: 1-800-345-2550 not just on the corner... tdd#: 1-800-345-2550 call, click or visit to start banking with schwab bank today. tdd#: 1-800-345-2550 nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on
over 100 points the last couple of trading days. today up about 73 points. you are seeing boeing bouncing back. in technologies, healthcare, hewlett-packard some names are helping the dow along. dagen: thank you very much nicole. connell: then there's samsung which has the popular galaxy phone. it's been a headache of sorts for apple and iphone sales. we're going to talk to samsung's product manager about that. that's coming up next. dagen: how about apple coming out with a lower end cheaper iphone maybe. big story in "wall street journal." the judge is here on tracking your kids at school, a new court ruling on rfid tags and why kids might have to wear them. take a look at completely unrelated, but hey, if you're going to europe, what's the exchange rate on the euro. >> 21 minutes past the hour i'm gregg jarrett with your fox news minute. more than 50 people injured after a high speed passenger ferry hit a dock in lower manhattan this morning. the ferry reportedly struck the dock pulling into the pier opening a large gash on the side of the ship's bow. vice president joe biden c
on the stands and culture of the swiss bank. >>> then we'll head to detroit for the latest on boeing after fuel leaks and a fire involving their 787 dreamliners and a boston airport. >> and oil, as well. >>> asia demand is growing, the oil price may act as a break in the world economy. the energy revolution will have a global impact in oil flows toward asia. and the global shift is underpinned by huge energy investments. we are going to be talking about u.s. energy. >> yeah -- exactly. we're also seeing reports about how u.s. oil import will be at the lowest in 25 years. there is a change afoot. >> i guess that's what the iea head is saying, asia is going to take more of the u.s. demand. >>> to earnings. yes, alcoa swung to a fourth quarter profit matching forecasts. results were helped by stabilizing raw aluminum prices. higher prices and cost cutting. revenues down 1.5% to $5.9 billion. that did beat estimates. alcoa is also slightly boosting its 2013 global demand forecast from 6.5% to 7%. kleinfeld says growth in china is coming back and europe is doing better than expected. the stock up 1.
by foreign powers. it is called the dream liner. now it is more of a nightmare for boeing. we will tell you why. about 1 million people inside syria are getting hungry because you win agencies cannot get food aid in side. the food organization is handing out rations to one and a half million people. it leaves many who are desperately in need without food. the un says more than 60,000 people have been killed in the uprising that began in march of 2011. the u.n. refugee agency says nearly 100,000 refugees have escaped violence in syria in the last month alone, and there are more than 590,000 refugees, up from before. many of those people have escaped the jordan camp, where winter storms are making already difficult conditions worse. tents have been flooded. many people are stranded, and a big snowstorm is expected to hit very soon. >> the weather is so cold. they tell us if they give us heater's a tent may burn. you can see how bad it is. rain and cold and water seeps into our tents. you wake up at night and find yourself surrounded by water. >> we have no heaters. why have they left us stran
injured. first an electric fire and a fuel spill and an airline is reacting to the problems facing boeing's new dreamliner but, first, mission to north korea, a top google executive and former governor reveal what is behind their controversial visit to north korea. >> live on treasure island with new information in the investigation of an oil tanker that grazed the bridge on monday with two investigations underway and one1111111g >> abc7 news starts right now with like breaking news. >> breaking news is from new york city. you can see the gurneys and stretchers with people lying on them. a commuter ferry there in lower manhattan had a hard landing when it pulled into a pier and more than 20 people are injured. we last told you that 12 people were injured but now it is tenth including one with a head injury and they are tended to by firefighting personnel and coast guard on the scene. no injuries are believed life threatening. what happened is they are being taken to a hospital and others are getting medical attention on the dock after a c street ferry running several ferry routes ran into
stocks lower for a second straight session. adding to the dow's losses, a big drop in boeing shares. we'll have more on that in tonight's "market focus." the dow fell 55 points, the nasdaq lost seven, the s&p was down nearly five points. happening with the new government being there. europe -- in fact, i think it is a surprise for many because it is muddling through, and it will probably continue to muddle through for a while. but it has been muddling through okay. one of the indicators that always use is italy interest rates, and the 10-year bond rates. the beginning of last year, almost 7%. end of last year, 4 and change. and the u.s. -- we have seen some growth in the u.s. last year, and we believe we have, if we avoid to hit the fiscal ceiling, the debt ceiling -- if we avoid that, we have it in our hands, and we can generate positive growth. we are seeing some good indications in the markets that have pretty much the debt here in the u.s. the building and construction market. for four years it has been dead. now suddenly we see it is coming back to life. this will only be coming ba
pack in a different japan airlines boeing 787 sparked an electrical fire. the plane was on the tarmac, and no one was on board. the 787 is boeing's latest model and made its commercial debut in 2011. people at boeing say they sold about 50 of the planes to eight airlines. >>> the indian military says two soldiers have been killed and one injured in a gunfight in the disputed territory of kashmir between india and pakistan. an indianrmy skespson ys the shooting started when indian soldiers on patrol spotted pakistani troops on the indian side of the line of control. pakistani military officials deny the indian allegation that the firing was unprovoked. a gunfight also occurred in kashmir on sunday. one pakistani soldier died, and another was injured. india and pakistan have gone to war three times since their independence in 1947. analysts say the latest incidents may have a negative impact on the comprehensive talks for better relations that resud 2011. >>> students at a university in north korea got a surprise visitor. google chairman eric schmidt. they showed him how they look for
is being held captive. >>> and two boeing 787s run into trouble on consecutive days. so what's going on now the dreamliner? >> every new airplane has growing pains especially those that kind of push the edge of the envelope in technology. >> we'll hear from captain sully sullenberger and ask peter greenberg why bad things keep happening to the 787 on "cbs this morning." >> announcer: this portion of "cbs this morning" sponsored by h&r block, come see what our expertise can make. i will give you a tax and health care review. is ♪ ♪ chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. ♪ ♪ [ male announcer ] every time you say no to a cigarette you celebrate a little win. nicorette gum helps calm your cravings and makes you less irritable. quit one cigarette at a time. [ male announcer ] this is bob a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibril
on the runway. no, not "america's top model." boeing, a series of problems with dreamliners. and u.s. equity futures pointing to a positive start to wall street. it's january 9, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew sorkin. i can't talk today. shares of alcoa getting a boost after the company's quarterly report. fourth quarter earnings matching expectations. revenue did come in better than the street was expecting. the country's largest aluminum producer says that it is cautiously optimistic that demand for the metal will continue to grow in 2013. among the catalysts, they're looking at strong sales to aerospace and construction customers. alcoa executives are keeping a cautious tone as worries linger about the budget battles in washington. >> you look at the businesses, you actually see that the endowment dow stream businesses are hitting new records profitabilities. another quarter of that and record year. that's great. when you look t upstream where it's basically about the c
computer models back here in 10 minutes. >> and more problems for boeing's dream liner. just as maneta san jose national airport is getting ready to launch a dream flight of its own. you can't move the tv there. yuh-huh. we have the wireless receiver. listen. back in my day, there was no u-verse wireless receiver that let you move the tv away from the tv outlet. we can move it to the kitchen, the patio, the closet and almost anywhere. why would you want a tv in the closet? [ both laugh ] ♪ [ fancy voice ] brilliant idea, darling. ♪ [ female announcer ] the wireless receiver only from at&t u-verse. get u-verse tv for $29 a month for six months. at&t. >>> google's chairman visited an elite university in korea today and asked students how they look for information online. they told eric schmidt they google it and he told them that's where he works. schmidt and former new mexico governor richardson are on a visit. >>> the obama administration suggesting it may pull out all american troops in afghanistan at the end of 2014. currently there are 66,000 american troops in afghanistan. a total
of a patient. >>> it is the second incident with a boeing 747 in two days. that is after it leaked fuel and they will not look into the leak calling a maintenance issue not an accident but they are looking into a fire that happened the day before. >>> let's they can in with sal, are you keeping an eye out, and of the lanes you can see golden gate is helping out with that and if you are driving on the bridge any time soon you should slow down because a lot of chp officers are helping out here. coming into san francisco. if you are driving on the peninsular, it looks good. dumbarton looks good and still some eastbound lanes are closed for road work. >>> not a lot ever cloud cover, and it is a big change in the way had cold air. i think mainly just turning cloudy and also cooler on the afternoon highs. but they are much colder than system slides in and it will be much colder if there is any available moisture. the snow level will be 1,500 feet and also windy, i think all the way to the weekend. 30s and 40s and there is some patchy fog and we will not see as much as we did yesterday. the sy
thinks it will take. now to another nightmare for the dreamliner appeared in another of the boeing 787's is being cancelled, this time to break problems occurred this is the third incident in two days. it has raised safety worries about the aircraft. here's a report from new york. >> in grounded the 787 dreamliner was bound for it had to be sent back to the gate -- bound for tokyo. it had to be sent back to the gate because of the problem with the brakes. on tuesday, a fuel leak caused japan airlines to cancel take off of one of its 787 jets in boston. a day earlier at the same airport, a battery pack caught fire on an empty plain. speaking of the battery incident, boeing said it is cooperating with the relevant safety authorities and before providing more detail, we will give our technical teams the time they need to do a thorough job and ensure we are dealing with facts, not speculation. boeing's stock price fell on the news after years -- and after years of delays, the dreamliner went into operation in late 2011. now some question how safe is the 787. >> it is something the ntsb will
. it is 10 minutes after the top of the hour. coming up the dreamliner more like a nightmare for boeing grounding one of the multi million dollar planes. should kids be allowed to get food at the bar before they can legally drink? a look at the gasoline prices a new national average 3.30 is the same as it was yesterday. [ male announcer ] with over 50 delicious choices of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant >> good morning to you. it is 14 minutes after the hour. quick look at the headlines. all u.s. troops may be out of gaven stan by the year 2014. they are not ruling out that option. pentagon officials say the troops are still needed to keep strengthening the afghan army and help keep al qaeda away. this comes days after osama bin laden is meeting with hamid karzai. no decision has been made for anthony's appeal to get the lying conviction thrown out. she is convicted of lying to police. the statements she used to police can't be used against her because she was not read her amanda rights. >>> across the
for the possibility of a shooting at school. >>> they are looking at problems for the boeing 747 dreamliner. that is after a fuel leak and a battery for them caught fire. it happened in the bay area and it will make its first boeing 747 flight between san jose and tokyo on friday. >> all right, pam, let's see at is happening on the roads and sal you are looking at the 0 toll plaza? >> yes, it starts to get busier and you can see traffic is moving along pretty well, there may be a small delay in some of the those outside cash lanes but that's about it. also the interstate 880 looks good southbound traffic is moving nicely and through the mcarthur maze area, there are no major problems if you are driving on the san mateo or dumbarton bridge. 5:38 let's go to steve. >>> we are getting ready and forecast is not until late tonight into friday just so you know, freeze warnings have been posted in advance of this system. lows tomorrow, if the winds die down, there is no doubt about it and showers possible tomorrow. this system does not have a lot of moisture to work with. already freeze warnings l
think that boeing should be worried. the airlines are building their system around this airplane. this is become more of a bad dream than anything else. the worry is will your airplane be at the date getting fixed. neil: i'm not worried about getting fixed as much as a dime. [laughter] >> when we add them up, we see a lot of them. all the airlines have ordered record numbers. they will eventually be put online. should i be worried? >> i think there should be something. the fuel leak in boston, as an example -- [talking over each other] >> they would be losing fuel. it could be very serious if you are overblown or somewhere and you have nowhere to land. boeing does have issues than just these problems here. will those airplanes be there for the customer on time? they have some problems to deal it. neil: you know, i always wonder. we had a guest talking about the 737. they were largely minor in the beginning. most incidents were relatively minor, as you say. but what is going on -- this type of series of problems compared to other airlines. >> the 747 had major problems a long time
in the last hour. boeing, it is moving higher by about 3%. this after it fell yesterday after concerns of an incident with a 787. boeing today moving up. and executive coming out with some comments saying that these problems are typical. it is really no big deal. we reassure you everything is under control. hewlett-packard is moving. that stock has surprised a lot of people over the past seven-ten trading sessions. moving higher today. no dow we will ask paul otellini about their relationship going forward. the losers today, bank of america. down about 3%. a price target of about $12. newmont mining falling about 2%. gold is also moving lower. netflix is falling by about 2%. bank of america reiterating it under perform rating. back now live to las vegas. i wanted to point this out to you. this area used to be microsoft. last year, microsoft for the first time, pulled out a ctf. guess what, a chinese company moved right in. they snapped up the property. every single inch of it. this stuff is expensive. intel never left. here is intel's booth. this is called the altar book tree. i am joi
and keep spending. the right says we've taxed enough, cut spending. division. a crisis at boeing, more incidents hurt the dreamliner and that stock is down big. can it be? french socialists rethink that 75% tax rate? "varney & company" is about to begin. you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. >> good morning, "varney & company" viewers, wednesday, january the 9th. america divided in many ways. today the issue is guns. three headlines for you, first, after a newspaper published the names and addresses of gun owners in two new york counties. gossip website followed suit. it posted them, 446 pages long. the headline of the article, quote, here is a list of the bleep-holes who own guns in new york city. second amendment advocates clearly outraged. next, joe biden meets with the n.r.a. at the wh
in the state legislature. jenna: rick, thank you. jon: just in, new problems for boeing as a pair of its brand-new dreamliner jets run into problems at boston's logan airport this week. we showed you on monday a battery fire that caused severe damage to a japan airlines plane. you can see the smoke pouring out of the hatch in the here. another japan airlines dreamliner dumped 40 gallons of rule on the runway. and there was a problem with the brakes system. boeing stock is taking a hit. jeri will list is the host of the business report on the fox business network and skwroeupbgs us now. >> reporter: the stock fell 3% yesterday, it's up today as people take in the news about the dreamliner. it is a critical product for boeing. they put a lot of money into it. it's technologically advanced made out of lightweight carbon fiber, it's supposed to save on fuel costs over time. they have 800 orders for these airplanes. as you know japan airlines has taken a couple of them here. united continental has taken delivery of these planes. they've delivered 49 of these planes. it's important to note here why
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and diabetes. >>> first it was fire, the next day it was leaking fuel. what is going on with boeing's dream liner? >>> our second story "outfront" iran in chuck hagel's corner. the defense minister applauding president obama's pick for the defense chief, saying we hope there will be practical changes in america's foreign policy and washington becomes respectful of the rights of nations. hagel's comments about iran have become lightning rods. critics point back to his push in 2005 for direct negotiations with iran and to his past statements like in 2006, when he said i would say that a military strike against iran, a military option, is not a viable feasible responsible option. i believe a political settlement will be the answer. 2005 and 2006 was a long time ago. his views have tempered perhaps, who knows. "outfront" tonight, peter brooks, former assistant secretary of defense and john avlon. let me start with you, peter. obviously the iranian government loves to get involved in these things at times and stir the pot. they seem to love to do that. but how much does this seeming endorsement
is aerospace. by now, we've all seen the stories about boeing's troubled dream liner, nothing like genuine footage of smoking planes to get your attention. but did you know globally there are 8,900 orders for new planes? did you know that airline companies are solvent and desperately need more planes than they're ordering now. do you know there's financing galore to make that happen? that's new too. did you know airplane the demand from business and regional jets are increasing by 12% and 22% respectively year-over-year or air travel could go up 4% this year. did you know that? as we learned in the aerospace line of claus kleinfeld's speech or his conference call last night at alcoa. how do we invest in this theme? the most obvious idea is boeing, which has passed airbus in orders and the premiere manufacturer in the country if not the world. >> i'm afraid he has footage of a troubled dream liner. we saw billions in market capitalization taken away these last couple of days because of a couple of defects in a small number of planes. and this is a big but, there have been no huge cancellati
. >>> there are some concerns about boeing's state-of-the-art 787 dreamliner after two mishaps involving the passenger planes in boston this week. the latest was yesterday when a japan airlines jet leaked fuel while taxiing at logan international airport. it followed an electrical fire on another plane monday after passengers disembarked following a flight from tokyo. but cbs aviation analyst captain chesley sullenberger says it's too soon to judge the new plane. >> no matter how much testing you do there are some things that are inevitably discovered during the real world of operational flying. >> the 787 dreamliner will make its bay area debut friday at mineta when all nippon airways launches its service between san jose and tokyo. >>> parking spaces are being taken over. >> coming up, why restaurants in one bay area city will start spilling into the streets. >> and how a certain kind of soda could be linked to depression. that and more coming up. >> so what's cool about your school? we know there's something. you can submit your nominations on our
for the boeing 78 dream liner, 787 operated by japan was taxiing yesterday in boston and a pilot in another plane noticed fuel coming from a wing and the control tower immediately averted the flight and the plane was towed to a gate and another dream liner had a fire on monday at the same airport. the incident comes as all airways will start nonstop service from san jose to tokyo, on friday. >> a pair of turkeys, rather risk? >> the turkeys are running lose in san jose neighborhood and officials worry they could be in danger. they have been spotted nearst and 880. emergency services took this video after neighbors complains. they will not remove the turkeys but and oppose taking the birds away. the group says that if the birds remain they could be killed by a car, a person, or a dog. >> facebook has an event at the headquarters next week to unveil something new. they have sent out have it takes that include one line "come see what we are building." some expect late -- speculate it could be a facebook phone. it has been a year since they have held a news conference. >> scientists believe diet drin
of political capital will be spent on those issues. thank you so much. >> more turbulence for boeing's dreamliner. a fuel leak on a 787 forced it to cancel takeoff and return to the gate. one day later, a different plane also at logan caught fire. it was empty at the time. united airlines, the only american airier to operate the dreamliner said it has ordered inspections of all of its 787s. it's not a serious problem given the high-tech plane but they warned it could still undermine consumer confidence. >>> the government is calling for an urgent review of the nation's arctic offshore drilling practices in the wake of a series of missteps voflg the shell oil company. this week's grounding of a shell oil rig off the coast of alaska is just the latest in a string of blunders zaents involving the company's ship and support equipment. the 60-day assessment could halt or scale back plans to open alaska's arctic waters to oil exploration. >> some new figures from the u.s. census bureau more u.s. citizens are on the move to find a better life and doing it a faster rate. 3.9% of the populati
22nd. >>> now to aviation for the second night in a row there's trouble to report with one of boeing's new 787 dreamliners. the aircraft a whole lot of people had hailed as the future of american aviation, yesterday it was a fire, today a mishap moments before takeoff, for a planeload of passengers. tom costello covers aviation for us, he's with us from san diego tonight. tom, good evening. >> reporter: hi, brian. this actually occurred in boston today, japan airlines 787, japan airlines yesterday as well, but today they were just about to depart fully loaded with passengers when they developed some sort of a fuel leak and they lost 40 gallons right there on the ramp. they went back to the gate, fixed the problem, the plane did, in fact, leave for tokyo but we can tell you that this follows yesterday's incident also involving a japan airlines 787, that was a belly, the fire in the belly of the plane, i should say. investigators now think that's tied to an auxiliary power unit, a battery pack and there have been other emergency landings and problems with electrical systems over the la
, apparently to underscore efforts by china's new leaders to crack down on abuses. >>> the new boeing dreamliner is proving something of a nightmare for two japanese airlines. a domestic flight has been due to a brake problem. it's the third technical dplich within 48 hours. it was scheduled to leave a western japan airport, but engineers found a problem within the brake computer system for the wheels under the left wing. two other problems struck dreamliners in -- a battery pack at boston's logan international airport sparked an electrical fire on board. another japan air limes plane at the same airport leaked about 150 liters of fuel onto the runway. >>> a row is browing in venezuela after government officials decided to postpone the inauguration of ailing president hugo chavez. the president had surgery last month for recurrence of cancer. officials say a respiratory infection will keep him hospitalized for some time. vice president maduro says chavez can be sworn in by a later date by the supreme court. january 10th is the deadline. chavez has appeals to venezuelan to back maduro
. >>> more problems for the boeing 787 dreamliner. the plane was taxiing to the runway at boston's logan international airport today when a pilot in another plane noticed fuel spewing from a wing. the japan airlines flight to tokyo was aborted, and the plane was towed to the gate. another dreamliner had an electrical fire yesterday at the same airport. they come as they are set to launch nonstop 787 service from mineta san jose airport to tokyo this friday. >>> scientists believe diet drinks could lead to depression. they looked at artificially sweetened sodas, juices and teas, and adults who consumed four drinks a day increased their risk of depression. it does not proof that diet drinks cause it, but people dealing with diabeteses and obesity consume diet drinks and those conditions can lead to depression. >>> a pair of turkeys is running loose in a san jose neighborhood, and wildlife officials are worried they could be in danger. the turkeys have been spotted near first street and i-880 since the holidays. wildlife emergency services shot this video after neighbors complained. it is a
a domestic flight on the boeing save -- 787 dreamliner because of problems with the brakes. it comes after two mishaps in as many days for another japanese airline. on tuesday a flight was forced to cancel takeout from boston after a fuel leak was discovered on the left wing. the venezuela could be heading for a political crisis after the country's parliament voted to postpone hugo chavez's nomination -- inauguration. he is recovering from cancer surgery. more from caracas. >> the confirmation came. the president of the legislative body read a letter by vice- president maduro, saying based on the recommendation of his medical team, hugo chavez will not be able to attend his inauguration thursday. >> because of this, we invoke article 231 of the constitution of the as well as -- venezuela. thank you in -- at a time for the attention you pay to this community. long live chavez. >> people and places like this one are not giving up on chavez, but there is a growing resignation they may not see him back for a while. that is precisely the wary of those who uphold -- oppose the government. they c
more problems for the boeing 787 dreamliner plane. airport officials in japan had to cancel a flight to tokyo because of brake issues with one of the jetliners. so let's see, that makes three incidents in three days with one of those planes. yesterday another 787 leaked some fuel. the day before, a third caught fire on the ground in boston. >>> one person's bad day can cause a ripple effect and enrage commuters. that's what happened last night on the key bridge. police did manage to get the person who threatened to jump off the bridge to come down, but as surae chinn reports, by then drivers were already stuck in traffic for hours. >> this is a notorious choke point. >> but add on closing a bridge -- >> it was actually pretty crazy. >> reporter: and you've got a major disruption. constantine dixon ended up getting off the metro bus and walking home. >> it goes to show that horrific things can paralyze the whole city for hours and hours. >> reporter: eduardo rirkz ncon left his store to direct traffic because he didn't see anyone doing it initially. >> it was so bad, people were stand
problems for boeing's new high tech plane. the 767 dream liner. a dream liner had to be brought back to the gate at boston logan airport today. the jet started leaking fuel on the runway. the incident comes a day after an electrical fire broke out on another dream liner at the same airport. boeing says it's cop rating with the ntsb in the fire investigation. >> barry diller back to dreaming -- streaming service. ario planning to expand as legal battles drag on. right now it's only available in new york city. also announce it's raised $38 million in funding. broadcasters have appealed and new york judge's ruling that ario does not appear to violate copy write rite law. turning now to trading stocks retreating for a second day. investors await aid draw at corporate earnings season. shares pushing your bloomberg silicon valley index slightly lower. and here is a sign the economy may be improving from the global business travel association. usa today reports companies are expected to shell out more on business trips this year. apparently there is pent up demand to sit face-to-face with c
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